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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (5340)	6/25/1998 12:44:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 8545

>>Or can we just say, "about damm time" "about damn time", there, I'll say it! Notice those humps are getting further and further apart? A lot easies for the camel jockey's comfort ride. Perhaps she's finially had enough to drink, and she's picking her head up and ready to trot. Thing about mustangs and camles is that they both can move at a good steady pace, only once the camel has her fill of water, she don't need to make pit stops. The horses are entering the gate, and my money is on the camel! Every other stock in the pack has had it's hey day. And now I'm lookin at those $8's I had in SEEK, and it's lookin' all too familiar. A trade here, a trade there, but don't miss the boat on the last one, that's when you slip off the deck and have to swim back to shore. p.s. One thing about multiple vacations, it's hard to grab the reins when things start running. Dear Santa Clause(Pete), please gimme a lap top before the next excursion!

To: TLindt who wrote (5340)	6/25/1998 1:13:00 AM
From: Robert Gintel	Read Replies (3) \| Respond to of 8545

Here's the Deal! I attended an institutional investor conference in New York City today to hear Pete Kight and Jim Douglas make the Checkfree presentation. After the company releases its earnings and has its regular conference call for professional investors on August 13 - 14, both Pete Kight and CFO Jim Douglas have agreed to fly to the Ocean Reef Club in Key Largo, Florida to meet with us that weekend. On Saturday, August 15th, either in the late afternoon, or early evening, they will hold a special telephonic conference call exclusively for members of this thread, at which you can ask your own questions at a live interview. Lurkers here are invited to participate in that call and a call in phone number will be furnished everyone. I know we originally conceived of the fishing trip next winter, but Pete seemed to prefer doing it sooner, rather than later, and while it may be hotter in August, it is also off season and easier and cheaper to get rooms for those able and willing to make the trip. Family members are invited to come along. I have heard from about a dozen of you who contacted me privately about making the trip next winter, and now that I know the date, I will get back to you individually inquiring about your ability and willingness to make the trip in August. Those coming to the Ocean Reef Club will be live participants in the conference call. There was nothing new at the investors conference meeting today that all of us here don't know already. Nevertheless, Pete Kight's enthusiasm is catching, and as he put it, "the genie is out of the bottle now. Electronic commerce is going to happen" Checkfree is going to be a major player. He said, to paraphrase further, that they know from experience that when the banks' major marketing programs kick in the customer response is immediate - as many as 900 per day in the case of Wells Fargo. Citibank, a non-Checkfree customer, seems to be going it alone and New york City is prsently festooned with their banners. The other big banks won't be far behind- nor can they afford to be. The late summer, fall, and early winter should be interesting months for us invested in Checkfree in terms of consumer sign ups, the sluggishness of which caused some pundits to express myopic concerns earler. By the time they see it happen, they could well be back in the dust trail grumbling over their shortsightedness. Genesis is ahead of schedule, made all it's mile posts, and while it will be operational on July 1st as advertised, the company will spend the better part of the next six months migrating each bank onto the new platform from the old ones. Therefore, since they will be running dual systems for a while longer, we cannot expect immediate cost reductions and the operating efficiencies from Genesis that we will eventually experience. As far as Bill Presentment is concerned the building blocks being put into place now and in the months ahead won't be revenue generators until some time in Fiscal 2000-just as the bank building blocks put into place a year or two ago are beginning to benefit us now, with the big payoff kicking in in about six months from now. As is generally known there are some major unannounced bill presentment customers that are committed to Checkfree, the sum and totality of which will speak volumes about where this business is heading. I think when all is said and done, all us here who have stuck with it, will look back in satisfaction and say, "I was well ahead of the curve". Tom Lindt...One good answer to the question, " when will a stock go up is," "When you least it expect to" I do remember a couple a months ago, when I was trying to dampen what I thought were unrealistic expectations of the momement, making a call that the best the stock would do in the current quarter was to test the old high at 31. I did not nearly expect the correction that took place in April and May, nor that the last two weeks in June would give us the recovery that seems to be taking place now. It has pointed out here by others that the stock obviously has been under accumulation in recent weeks, held up well when other stocks did not, and was ready to move ahead again. When a stock rises too quickly all it does is put pressure on us to sell some prematurely, as I think, and as I have said before, will happen to us here before this is all over. PS The fishing in Florida is good in August too.